Axis Bank Personal Loan Status – However, once you have applied for a personal loan, it is equally important for you to check the status of your personal loan. There are several methods that you can apply to check the status of your personal loan. We will take a look at the methods that you can use to check the status of your personal loan. Axis Bank offers a variety of personal finance products to its customers. One of the products you can avail yourself of as a customer is a personal loan. You can apply for Axis Bank Personal Loan by visiting the official website of Axis Bank or visiting the nearest branch of the bank. Customers who have applied for Axis Bank Personal Loan can easily check the status of their application through various options provided by the bank. Let us discuss the various methods available to check your Axis Bank personal loan status.
Axis Bank Personal Loan Status 2024
Axis Bank offers home loans at different rates to different categories of borrowers. At present, the minimum interest rate of a home loan is 6.90% per annum. Compared to self-employed borrowers, salaried individuals get home loans in Axis Bank at lower rates. Once you have applied, the bank will verify the details, and once eligible; You can get money. However, the applicant can check the status of the personal loan, to know how far the bank has processed the loan. There are various ways to check personal loan status, which we learn from this article.
Axis Bank Personal Loan Vs Other Lenders Comparison
| Banks/NBFCs | Interest Rates (p.a.) |
| Axis Bank | 10.25% onwards |
| HDFC Bank | 10.25% – 21% |
| SBI | 9.60% – 13.85% |
| PNB | 7.90% – 14.50% |
| ICICI Bank | 10.25% onwards |
| Kotak Mahindra Bank | 10.25% onwards |
| IndusInd Bank | 10.49% onwards |
| IDFC First Bank | 10.49% – 23% |
| Bajaj Finserv | 13.00% onwards |
| Tata Capital | 10.99% onwards |
Axis Bank Personal Loan Processing Fee
| Repayment instruction/Instrument return charges | Rs 339 per instance + GST |
| Swap Charges (Cheque/Instrument) | Rs 500 per instance + GST |
| Penal Interest | @ 24% p.a. i.e., 2% per month on overdue installment |
| Duplicate statement issuance charges | Rs 250 per instance per set + GST |
| Duplicate Amortization Schedule issuance charges | Rs 250 per instance per set + GST |
| Credit Information Companies Report issuance charges | Rs 50 per instance per set + GST |
| No dues certificate generation charges (duplicate) | Rs 50 per instance per set + GST |
| Stamp duty charges | As per state stamp |
| Foreclosure charges | On outstanding loan: For 0-12 months: 5% For 13-24 months: 4% For 25-36 months: 3% More than 36 months: 2% |
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Documents Required for Axis Bank Personal Loan
- Completely filled application form with recent passport size photograph
- KYC Documents (Driving Licence, Passport, Aadhar Card, Job Card duly signed by State Government official through NREGA, Voter ID Card, Letter issued by National Population Register with details of name and address)
- Proof of Date of Birth (Birth Certificate, PAN Card, Passport, School Leaving Certificate, Aadhar Card, Driving License)
- Signature Proof (Passport, Bank Verification, PAN Card)
- Income Proof (Salary slip of last 2 months. Employment proof of 1 year, Bank details of last 2 months showing salary credit)
- All documents should be self attested
Ways to Check Axis Bank Personal Loan Status
Axis Bank charges up to 1% of the loan amount, subject to a minimum of Rs 10,000. At the time of application login, an advance processing fee of Rs 10,000, plus GST, is collected. This fee is not refundable under any circumstances – for example, loan rejection/return of loan application, etc. The balance processing fee, as applicable, is collected at the time of loan disbursement. The bank provides detailing and beneficiary services in addition to banking, insurance, and other investment services. It allows loan services where a person can avail products like personal loans, to help them with business or money matters. Customers should visit the bank or the official website for the “Personal Loan” application process.
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Through Axis Bank Account:
- Visit the official Axis Bank website page and click on the login button to access your account. https://retail.axisbank.co.in
- On the menu, go to the Loans section, and check any existing loans.
- The system will reflect whether you have applied for any loan and loan status directly from this section.
Through Application ID:
- Visit the official Axis Bank website portal.
- On the homepage, go to the “Explore Products” tab, and click on “Personal Loan” where more options will open.
- In the list, click on the “Important Links” option and then click on the Related Links tab.”
- Proceed to the ‘Check Your Loan Status’ tab.
- Next, enter your Application ID, Date of Birth, and Captcha Code and click on the “Enquiry” button.
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Through Mobile Application (APP):
- On your phone, download the Mobile Banking app from your Google Play Store or App Store.
- Install and open the app to proceed, on the menu, look for Axis Bank products list.
- To check the status of your outstanding loan, click on the “Loan” option, using your reference number.
- For Bank customers login in to your mobile application and check your “Personal Loan” status directly.